Giving from the heart

Coat drive fulfills local REALTOR®’s passion for community involvement

For Calgary REALTOR® Mathew Morley, the desire to help provide the necessities of life goes beyond his day job helping people buy and sell houses.

Taking the holiday spirit to heart, Morley is the founder and organizer of Coats for Calgary. Now in its seventh year, the annual drive collects jackets for Calgarians in need of warmth during the winter months.

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Core issues

Downtown office commercial market to see higher vacancy rates in 2017

Despite setting a third-quarter record with a reported $11.2 billion in sales, Calgary’s commercial real estate sector will likely see vacancy rates continue to soar this year and next, predicts real estate firm CBRE Ltd.

CBRE Calgary-based managing director Greg Kwong said the downtown market will feel it the hardest, with vacancy rates that are expected to close in on 30 per cent.

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City reveals design for Chinook Centre pedestrian bridge

Construction to start in September

The City of Calgary has unveiled the final design for a new $13-million pedestrian bridge over Macloed Trail by 61st Avenue S.W.

The new bridge will include accessibility features such as elevators and escalators, have a covered four-metre walkway and a connection directly into the second level of Chinook Centre.

According to the City, the overpass will create a safe, accessible and convenient crossing for the more than 2,000 pedestrians that cross over Macleod Trail every day.

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New housing construction down in Alberta

Provincial decline led the country

Spending on new residential construction in Alberta totalled $738.3 million in April, down from the $1.025 billion seen the previous April, according to the latest numbers from Statistics Canada.

The 28 per cent decline was the largest fall of any of the provinces, with decreased investment occurring in all dwelling types – although the decline was mainly due to lower spending on single-family dwellings.

In total, spending on new housing construction decreased in five provinces in April. Alberta was followed by Saskatchewan and Manitoba.

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